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SoFi Plans Return to Crypto With Blockchain Initiative. Bitcoin Trading Is Coming
SoFi Technologies is making an ambitious return to the world of cryptocurrencies with plans to institute a blockchain money-transfer feature and allow users to hold certain digital currencies as soon as this year. The stock rose Wednesday on the announcement. Shares were up 1.9% to $16.15. The benchmark S&P 500 and Nasdaq Composite were up 0.1% and 0.4%, respectively. Sofi’s blockchain-enabled money transfer feature will be available soon through the SoFi app, the fintech said. Funds will be transferred over blockchain networks, converted into local currency from U.S. dollars, and deposited into a recipient’s ... (full story)
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